NEM USD (XEM-USD) is currently on bearish momentum. At 05:05 EST on Wednesday, 17 March, NEM USD (XEM-USD) is at $0.39 and down by 5.11% in the last 6 hours.
Over the last six hours, NEM USD (XEM-USD)’s higher value was $0.41 and the lower value was $0.39.
Over the last twelve hours, NEM USD (XEM-USD)’s higher value was $0.41 and the lower value was $0.38.
Concerning NEM USD (XEM-USD)’s daily highs and lows, it’s 1.421% up from its trailing 24-hour low of $0.38 and 6% down from its trailing 24-hour high of $0.41.
In relation to NEM USD (XEM-USD)’s yearly highs and lows, it’s 1219.863% up from its 52-week low and 55.455% down from its 52-week high.
NEM USD (XEM-USD)’s last day, last week, and last month’s average volatility was 5.16%, 14.94%, and 9.82%, respectively.
NEM USD (XEM-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 19.32%, 25.25%, and 20.43%, respectively.
According to Business Insider on Sunday, 14 March, "Canada’s Purpose Bitcoin ETF, the first to launch, had 913 million Canadian dollars ($731 million) under management on 11 March.", "Guggenheim disclosed in an SEC filing that its Macro Opportunities Fund held the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust."
Bitcoin dips from record after scaling $61,000 aided by stimulus. According to Bloomberg Quint on Monday, 15 March, "The fortunes of a range of companies are increasingly tied to the cryptocurrency, from listed Bitcoin miners and brokers to firms that have invested in the token.", "The lively debate about whether it’s even possible to work out an intrinsic value for Bitcoin as well as the scope for more stimulus-fueled gains continues apace. "
According to Business Insider on Monday, 15 March, "If doubt about monetary policy, unchecked money printing and continually rising inflation continues to worry both retail and institutional investors, then they will seek alternatives that provide safety, which Bitcoin provides in a unique digital format," Nazarov said."
Retail Bitcoin traders rival wall street buyers as mania builds. According to Bloomberg Quint on Monday, 15 March, "Meme stock trading volatility burnt many, but Bitcoin has maintained an amazingly bullish trend that has made most winners," said Ed Moya, senior market analyst at Oanda Corp. "Retail traders got reinvigorated with the latest NFT buzz and as the stimulus checks hit their bank accounts.", "Meanwhile, institutions have bought about 173,000 of the world’s largest cryptocurrency over that time frame — as gathered by Bitcoin futures, fund flows and company announcements — after buying nearly 307,000 in the last quarter of 2020."
Buy-the-dip signal? ethereum sees surprise gain vs. Bitcoin despite BTC drop. According to Coin Telegraph on Monday, 15 March, "It could be the case that altcoins are attempting to stabilize against BTC while Bitcoin is paring some of its massive weekend gains. "
Can Bitcoin whale deposits to exchanges actually predict BTC price?. According to Coin Telegraph on Monday, 15 March, "Regarding these wallet transfers, Swift said:"That is not the intention, the intention is simply to trick people into thinking the Bitcoin are about to be sold. ", "For instance, Gemini reportedly saw large BTC deposits before Bitcoin dropped on March 15 to as low as $54,500."
Bullish uptrend intact as Bitcoin futures open interest hits $22.5b. According to Coin Telegraph on Monday, 15 March, "After peaking at $58,300 on Feb. 21, Bitcoin faced a 26% correction over the following week. ", "Those betting that Bitcoin price will reach $65,000 and above will be pleased to know that open interest has been increasing throughout the 71% rally since February. "
Bitcoin now the prize for this sailing event. According to Coin Telegraph on Monday, 15 March, "The Liberty Bitcoin Cup is the prime cup for the Next Generation of World Class Sailors, competing on the Next Generation of High Tech Class Foil Sailing boats," says the Liberty Bitcoin Cup’s website. ", "Crypto industry folks have often compared and contrasted gold and Bitcoin over the years. "
What’s India’s beef with Bitcoin, really?. According to Bloomberg Quint on Monday, 15 March, "If someone is using a VPN service to access the internet,and not buying or selling Bitcoin using an Indian bank account (but earning and spendingit peer to peer), the prohibitionwon’t be enforceable.", "Nobody is asking New Delhito make Bitcoin legal tender or accept tax payments in it. "
Bitcoin bulls take a breather while BTC price slips below $55,000. According to Coin Telegraph on Tuesday, 16 March, "Data from Cointelegraph Markets and TradingView shows that Bitcoin price dropped as low as $54,600 and at the time of writing, buyers have not stepped in to arrest the decline. ", "Despite Monday’s decline, traders are optimistic that BTC will see a rapid recovery and a recent survey estimates that up to 10% of the $400 billion in pandemic relief for U.S. citizcould be used to purchase Bitcoin and stocks."
Long-term investors are hodling, with 95% of Bitcoin trades involving ‘young coins’. According to Coin Telegraph on Tuesday, 16 March, "According to research by on-chain analytics provider, Glassnode, 95% of the Bitcoin changing hands last was last moved less than three months ago on the blockchain.", "Glassnode defines "Long Term Holders," or LTH, as wallets that have held their Bitcoin for more than 155 days, while "Short Term Holders," or STH, are described as wallets that move BTC on-chain within 155 days or receiving coins."
The 'inhospitable to capitalism' US can target those ditching dollar for Bitcoin — ray dalio. According to Coin Telegraph on Tuesday, 16 March, "Respectfully, Bitcoin is the obvious solution, and much more practical than ‘a well-diversified portfolio of non-debt and non-dollar assets’ in ‘Asian emerging…markets.’", "The United States and other countries could "impose prohibitions" on Bitcoin (BTC) as part of "shocking" tax changes, investor Ray Dalio has warned."
Trump's last-minute Bitcoin rule hits the wrong mark. According to Bloomberg Quint on Tuesday, 16 March, "In the waning days of the Trump administration, the Financial Crimes Enforcement Network proposed a rule "aimed at closing anti-money laundering regulatory gaps for convertible virtual currency," held in "unhosted wallets" – that is, cryptocurrencies such as Bitcoin held outside a regulated financial institution. ", "In other words, the economic value of crypto will not be harmed, only the price it commands in dollars.(Full disclosure: I own Bitcoin and other cryptocurrencies.)"
Bitcoin is now worth more than Visa and Mastercard combined. According to Coin Telegraph on Tuesday, 16 March, "That level was previously tipped by analysts as a likely consolidation zone, something that remains the case after Monday’s dip took Bitcoin back below its previous all-time high set in late February.", "As Cointelegraph reported, meanwhile, both Visa and Mastercard are coming to terms with the need to incorporate Bitcoin in their corporate strategies going forward."
Bulls favored ahead of record $6.1b Bitcoin options expiry on March 26. According to Coin Telegraph on Tuesday, 16 March, "Over the past two months, the open interest on Bitcoin options increased by 60% to reach $13.5 billion as the BTC price rose to a new all-time high. "
Bitcoin whale clusters pinpoint 3 levels in the short term to keep the bull trend intact. According to Coin Telegraph on Tuesday, 16 March, "Since Bitcoin is currently hovering above $55,406, this level is considered an important whale cluster support area. ", "According to the data from Whalemap, which tracks Bitcoin whale activity, $55,406 is a critical whale cluster support area."
Altcoins spike to new highs while Bitcoin bulls aim to recapture $57k. According to Coin Telegraph on Tuesday, 16 March, "Data from Cointelegraph Markets and TradingView shows that a wave of early morning selling pushed Bitcoin price to a daily low of $53,167 and while dip buyers did manage to step in, the lack of purchasing volume is keeping BTC pinned in what appears to be a tightening range.BTC/USDT 4-hour chart. ", "Despite the drawdown in both Bitcoin and Ether price, the overall outlook for the cryptocurrency market is bullish as signs of steady mainstream adoption emerge on a daily basis."
Nydig head says major firms will announce Bitcoin ‘milestones’ next week. According to Coin Telegraph on Wednesday, 17 March, "We are on the brink of Bitcoin’s mass adoption, says the CEO of Bitcoin investment firm NYDIG Robby Gutmann.", "Last month, NYDIG submitted paperwork with the United States Securities and Exchange Commission to launch a new Bitcoin (BTC) exchange-traded fund."
Bitcoin. stablecoin. cbdc. who changed my money?. According to Bloomberg Quint on Wednesday, 17 March, "That belief reflected in the 672% rise in the price of Bitcoin since the start of 2020. "
Retail traders buying more Bitcoin than institutions: JPMorgan. According to Coin Telegraph on Wednesday, 17 March, "JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square.", "S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms."
Bitcoin mine heat-recycling firm mintgreen closes seed round led by coinshares. According to Coin Telegraph on Wednesday, 17 March, "The first involves selling heat waste generated from Bitcoin mining to the Vancouver Island Sea Salt facility, where the heat being used to boil water and distil salt flakes.", "The companies hope their efforts can change mainstream perceptions of Bitcoin mining as being wasteful and inefficient, with the blog post stating: "We are excited to work with MintGreen, where we will join the board, and the like-minded investors we brought into this deal alongside us to help transform the Bitcoin mining landscape and its image in the mainstream media."